• What is Debt Consolidation?
• Will I really gain from Debt Consolidation?
• What debts can I consolidate?
• How do I find the best deals?
• If I do not own my home can I still apply for a Debt Consolidation loan?
• Why would I need Debt Consolidation?
• I do not owe enough to enter in to an IVA and I do not want to go Bankrupt. Would Debt Consolidation help?

Will I really gain from Debt Consolidation?
Normally people will have more disposable income as the interest will be added at the start. It will help you to budget as you will know what the payments are each month.

What debts can I consolidate?
Unsecured debts can be consolidated. These include credit and store cards, unsecured personal loans, car loans and bank overdrafts.

How do I find the best deals?
Research all the options available to you. For example google brought up over 7 million companies offering debt consolidation but I would try your bank to begin with. You will have two options - unsecured or secured.

If I do not own my home can I still apply for a Debt Consolidation loan?
Yes, you will be able to apply for an unsecured loan although these generally have higher interest rates as the lender is taking a higher risk.

Why would I need Debt Consolidation?
Debt Consolidation loans will only be of use if you genuinely wish to sort out your long term financial health. They are not a quick fix! Once all the other debts are rolled up into one loan do not reuse the old cards - cancel them! You may have other options like an IVA, Debt Management or Bankruptcy.

I do not owe enough to enter in to an IVA and I do not want to go Bankrupt. Would Debt Consolidation help?
Debt Consolidation will only help if you can afford the monthly payments. Once again, do not reuse your credit or store cards or in 18 months you will be back where you started. Be honest when listing all your debts as it is important not to use Debt Consolidation as just a stop gap until the next crisis happens.